Welcome to our dedicated page for Pasofino Gold news (Ticker: EFRGF), a resource for investors and traders seeking the latest updates and insights on Pasofino Gold stock.
Pasofino Gold Limited (OTCQB: EFRGF; TSXV: VEIN) generates news primarily through developments at its Dugbe Gold Project in southern Liberia. As a Canadian-based mineral exploration company in the gold ore mining industry, Pasofino’s updates focus on exploration results, feasibility study work, project agreements, and corporate actions related to this large gold project.
News releases frequently cover technical milestones such as drilling programs at the Tuzon and Dugbe F deposits, exploration at additional prospects like Jadae East, Bukon Jedeh, and the DSZ target, and progress on feasibility study updates. The company reports on Mineral Resource Estimates, Mineral Reserve Estimates, and the work of independent consultants engaged to refine the project’s geology, mine plan, processing options, infrastructure, and environmental and social studies.
Investors following EFRGF news will also see disclosures about the 25-year Mineral Development Agreement with the Government of Liberia, including fiscal terms such as royalties, tax rates, fuel duty reductions, and the government’s 10% free carried interest. Some releases describe discussions with the Government of Liberia regarding overdue payments and alleged defaults under the MDA, as well as Pasofino’s intention to address these matters within the agreement’s consultation and cure mechanisms.
In addition, Pasofino issues news on corporate and capital markets activities, including the filing of audited financial statements, participation in investor conferences and webinars, and the engagement of Independent Trading Group Inc. to provide market-making services for its shares on the TSX Venture Exchange. For readers tracking EFRGF, this news page brings together exploration updates, feasibility study progress, regulatory and agreement-related developments, and corporate communications in one place.
Pasofino Gold (TSXV: VEIN) (OTCQB: EFRGF) has adopted a shareholder rights plan effective November 1, 2024. The plan aims to protect shareholders during the company's strategic alternatives review process and ensure fair treatment in takeover scenarios. Under the plan, one right attaches to each common share, becoming exercisable if any party acquires 20% or more of shares without following 'Permitted Bid' provisions. In such cases, shareholders can purchase additional shares at a significant discount. The plan requires shareholder ratification within six months and will terminate if not approved.
Pasofino Gold (TSXV: VEIN) (OTCQB: EFRGF) has announced results from its maiden diamond core drilling at the Bukon Jedeh 'gold camp' within the Dugbe Gold Project in Liberia. Highlights include:
- 8 out of 11 holes reached target depth with gold mineralized intervals
- BKDD001: 21.3m with an average grade of 0.9 g/t Au from 53.5m downhole
- BKDD004: 4.0m with an average grade of 2.1 g/t Au from 46.5m downhole
- BKDD011: 2.5m with an average grade of 2.2 g/t Au from 43.5m downhole
The company plans to focus future exploration on the western area of Bukon and the DSZ target, which is 4 km from the Tuzon deposit and yielded 36m at an average of 0.6 g/t Au in a previous channel cut.
Pasofino Gold has completed a diamond core drilling program at the Bukon Jedeh 'gold camp' within its Dugbe Gold Project in Liberia. The program tested 11 holes totaling 1,328 meters. The drilling targeted various sites, including historic intersections and new promising intervals. Notably, a 1.5 km long east-west zone, named SPMC-99 Steps trend, was identified. The drilling was completed on time and within budget, with sampling 50% complete and results expected in July 2024. Several intervals show multi-meter-wide zones of sulphide minerals, potentially indicating gold presence. The company maintains positive relations with local communities, supporting the successful execution of the project.
Pasofino Gold has announced the appointment of Warren Greenslade as interim CEO, replacing Dr. Daniel Limpitlaw. Dr. Limpitlaw will remain as a consultant, focused on providing technical support for the Dugbe Project. Greenslade, currently the Country Manager for Liberia, brings 15 years of project and operational management experience, including roles in Bosnia, the Middle East, and Africa. His previous experience includes positions with Chevron Oil and managing mining projects in Ghana, DRC, Guinea, and Gabon. The company aims to appoint a permanent CEO with a strong mine development track record as the Dugbe Project progresses.
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